RE: 🔥 MONSTER RNS 🔥 - READY TO COMMENCE ON BLOCK SK334.25 Jul 2024 16:11
This was added to the company website today under the heading: SK334 Petroleum Sharing Contract
Further to the recent RNS, Upland reiterates, the Company has been in communication with the Sarawak State Government, the final authority for Onshore O&G Assets in Sarawak, to secure an interest in a production sharing contract on Block SK334.
Following its application for an exclusive award with the Government and Petros the Company has built an experienced team, made up of local and international experts, who are ready to commence operations on Block SK334.
Joint Technical Study
In the terms and conditions of the signed Joint Technical Study Agreement between Upland and Petros, and as a medium-term strategy, Upland has certain unique advantages over other potential bidders in a competitive bidding process.